Q3 Interim report: cargo keeps DFDS on track for record results

By | 2017 Newsletter week 46 | No Comments
  • Freight is pushing the DFDS figures to record levels, while the passenger volumes stay the same.
  • Strong performance for freight on North Sea routes: volumes up 8%
  • Revenue DKK 3,922 (3,799) +3.3%
  • EBITDA DKK 976 million (972 million) +0.4%
  • EBIT DKK 742 million (738 million) +0.5%
  • Profit before tax DKK 714 Million (732 million) -2.6%)
  • The Group’s revenue growth for 2017 is now expected to be around 3% compared to previously around 4%, excluding revenue from bunker surcharges.
  • At the Q&A session, DFDS CEO Niels Smedegaard said there were no plans for new cruise ferries. Current vessels can continue for 10 years if needed.

Five Million Tons of Freight Transported from Cuxhaven to Immingham

By | 2017 Newsletter week 40 | No Comments

“RailRoCargo”, the joint product of Cuxport, DFDS Germany and TRANSA Spedition, is celebrating a milestone: in September 2017, the five millionth ton of cargo was transported to the Cuxport terminal in Cuxhaven for onward shipping to the UK.
At the Cuxport terminal, the goods are transferred from the rail wagons onto DFDS MAFI roll trailers in a covered area. These are subsequently shipped by ro-ro ferry to Immingham, where DFDS takes over the storage of the freight and its distribution to British consignees by truck.
There are five weekly DFDS ferry crossings in each direction.

Photo © CuxPort

DFDS increases capacity on Rotterdam-Immingham with second new ro-ro

By | 2017 Newsletter week 40 | No Comments

DFDS’s newest ro-ro ship TULIPA SEAWAYS has been delivered by Flensburg’s FSG yard and arrived in Vlaardingen, Rotterdam on Saturday September 30. She entered service on Monday, October 2.
Sister to the earlier delivered GARDENIA SEAWAYS, she too serves the Vlaardingen – Immingham route.
With more than 4,000 lane meters garage deck she can offer space to 262 trailers.
DFDS has an agreement with the owner –Siem Group– to bareboat-charter the two vessels for a five-year period, with a purchase option.

Photo © Karsten Seven, DFDS

DFDS investigates the possibilities for issuing a new corporate bond

By | 2017 Newsletter week 37 | No Comments

DFDS A/S announced to the Oslo stock exchange its intention to issue new DKK and/or NOK denominated senior unsecured bonds with an expected maturity of 5 years in the near future.

The Issuer has mandated Danske Bank A/S, Nordea Bank AB (publ) and Nykredit Bank A/S to arrange fixed income investor meetings starting on 15 September 2017. There is no certainty that the issue of the New Bonds will be initiated or consummated.

Revamp of global marketing organization to improve DFDS’ sales efficiency

By | 2017 Newsletter week 36 | No Comments

Some 20% of DFDS’ revenue comes from passengers, and 80% book their ferry crossings online. To make it easier for the customer, a new global organisation for passenger marketing and sales has been announced.

The new organisation, starting in October 2017, will replace the current country-based model. As a next big step 17 current passenger websites will be unified at dfds.com at the beginning of 2018.